Stock markets are witnessing a positive trend. Major indices like S&P 500 and Nasdaq opened with gains, supported by favorable corporate earnings and upcoming economic data.
Corporate Earnings
Wall Street exuded confidence as investors looked forward to upcoming corporate earnings reports from major tech companies such as Apple, Amazon, Microsoft, and Meta. Boeing has already reported its second-quarter results, posting revenue of $22.7 billion, surpassing Wall Street's forecast of $21.68 billion.
Fed and Economic Data
U.S. stocks are trending higher ahead of the Federal Reserve’s two-day policy meeting beginning on July 29. Market participants will focus on any changes to the Fed’s policy amid ongoing economic strength. In addition to earnings, key jobs data and the tariffs deadline on August 1 are also in focus.
Tariffs
On the tariffs front, President Donald Trump's deadline of August 1 is viewed with optimism, with hopes that the U.S.-China trade truce may extend beyond the August 12 deadline. Markets reacted positively to the trade deal between the U.S. and the European Union.
With favorable news and strong corporate earnings, the stock market shows optimism. Expectations from the Fed and jobs data will be significant considerations for investors in the coming days.
